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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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501 N Mountain St , Cherryville, NC 28021
$1,700,000
Est. Payment: $8,760.45/mo
0 Bed
0 Bath
0 Sqft
Status: active with contingency | Days on site: 172
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

The historic Cherryville Mill offers over 152,000+- square feet of space on a 4.97-acre lot with over 996 feet of road frontage and approved RMF zoning. The property presents an exciting opportunity for redevelopment into apartments, townhomes, or mixed-use residential space and would make an excellent subject for a 1031 exchange. Both the city of Cherryville and Gaston County are eager to see this property repurposed and have voiced strong support for redevelopment. The mill retains much of its original character, with exposed brick walls, large wooden beams, and soaring ceilings that would add character and appeal to any redevelopment project. Its strategic location just 0.4 miles from the developing downtown of Cherryville, places it at the center of a thriving area with several major housing projects underway. Cherryville is set to experience significant economic growth, partly driven by a slated lithium mine expected to create thousands of new jobs.

Highlights

Listed by Jodi Warren , 704-477-9906 Highland Real Estate , 704-477-5423. Canopy MLS mls logo

Property Type

Commercial Sale

Lot/Acreage
4.97

Year Built

1900

County

Gaston

Listing ID

4200226

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:Corner Lot
Zoning:RMF
Principal Interest
$8,760
Taxes
$1,084

Home Price

$1,700,000

Loan Details

30 yrs
6.683%

Down Payment

20%
$340,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,760.45

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,760.45 $1,083.75 $0.00 $9,844.20
Yearly $105,125.40 $13,005.00 $0.00 $118,130.40
Total $3,153,761.99 $390,150.00 $0.00 $3,543,911.99

Today's Rates

30 Year

6.68%

20 Year

6.55%

15 Year

6.13%

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Market insight data is pulled from the same city as the listing being viewed (Cherryville, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Dream Team United | Keller Williams Connected | PLACE nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
Listings courtesy of Canopy MLS as distributed by MLS GRID

IDX service by Blueroof 360

Data last updated: 2026-08-01T20:02:06.000Z

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